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Updated almost 2 years ago on . Most recent reply
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Have you seen what's coming to Columbus?
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A caution, particularly for newbies. What the real estate agents have said about Central Ohio growth is true - it looks very promising. There is another truth - one that is notable and longstanding. The core truth of real estate investing is that you should make your money when you buy. That means that you should not buy a property based on the promise of future appreciation (or future growth, etc.). Get solid cash flow and, preferably, a truly discounted price. I've never met the agents who have contributed to this thread and they have all been solid contributors to this site in terms of the number of posts, questions answered, etc. but I don't know what sort of deals they propose to their clients. They may be the best deals on the planet. The bottom line is that far too many agents propose deals that are very good for earning commissions but are marginal - at best - as investments and, at times, poor to very poor as investments. Again, this caution is not agent specific. Don't be over-eager to do your first deal. Learn the business (this site is a great place to start along with local real estate investment organizations), make sure what is proposed is sound, and make thoughtful investments.